Corporación Interamericana de Inversiones, an international company that is part of the Interamerican Development Bank (IDB), has granted a loan to Carmitel SA, a Uruguayan corporation previously granted a 20-year concession to operate the Hotel Carrasco in Montevideo.
Banco Continental de Panamá, SA, Panama’s third-largest private bank, has acquired 100 per cent of the shares of Banco Alemán Platina, SA, a Swiss-German International Banking Licence Bank with offices and operations in Peru, Colombia, Ecuador, Panama, Costa Rica, Nicaragua, Guatemala, El Salvador, Honduras and Mexico.
Chadbourne & Parke LLP has launched a new project finance workout and restructuring practice. The practice, which was announced on July 15, has already taken on several clients in Latin America
At two recent events in Madrid and London, the enormous difficulties involved in tackling the economic problems of Argentina and other Latin American countries were discussed.
Mexican-French law firm Ngo, Miguérès, Doporto, Beltrán & Legorreta and Spanish law and economics firm P&A Consultores have merged their Mexico operations to create the NMDB&L-P&A Worldwide Alliance.
CVU (Corporación Vial del Uruguay SA), a fully-owned subsidiary of the National Corporation for Development (Corporación Nacional para el Desarrollo - CND), has won a US$100-million ‘mega-concession’. The project involves the building and maintenance of more than 20 national routes and bridges, its financing through publicly issued securities, and eventually the public offering of CVU’s shares.
Former US Attorney for the Southern District of New York Mary Jo White has joined Debevoise & Plimpton, effective June 1.
Credit Suisse First Boston International has completed a private placement deal under which the Republic of Uruguay is issuing US$150 million-worth of convertible floating rate notes, due 2007. The deal, which closed on April 26, is governed by English law.
Companhia De Bebidas das Americas (AmBev), the largest brewer in South America and the fifth largest worldwide, is to integrate its southern cone operations with QUINSA (Quilmes Industrial SA), the largest brewer in Argentina, Bolivia, Paraguay and Uruguay. QUINSA is a subsidiary of Beverage Associates Corp (BAC).
Paul Yde and M J Moltenbrey have become partners of Freshfields Bruckhaus Deringer LLP and will launch a US antitrust practice in Washington DC. Joining them will be Alan Ryan, a competition partner who is relocating from the firm’s Brussels office.